RS Group (LON:RS1) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

RS Group (LON:RS1) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from GBX 635 to GBX 720 in a note issued to investors on Friday, Marketbeat reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.38% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada upped their price target on RS Group from GBX 770 to GBX 780 and gave the company an “outperform” rating in a report on Thursday, May 21st. Berenberg Bank reissued a “hold” rating and set a GBX 600 price objective on shares of RS Group in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft upgraded RS Group to a “buy” rating and boosted their price objective for the company from GBX 700 to GBX 775 in a research report on Wednesday, July 1st. UBS Group restated a “neutral” rating and issued a GBX 620 target price on shares of RS Group in a research note on Monday, May 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 700 target price on shares of RS Group in a research report on Thursday, May 21st. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RS Group presently has an average rating of “Moderate Buy” and an average target price of GBX 696.25.

RS Group Stock Performance

LON RS1 opened at GBX 670.50 on Friday. The company has a debt-to-equity ratio of 35.05, a current ratio of 1.79 and a quick ratio of 1.24. The firm has a market capitalization of £3.09 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.85 and a beta of 0.85. The company’s fifty day moving average is GBX 632.55 and its two-hundred day moving average is GBX 634.12. RS Group has a 52-week low of GBX 536.90 and a 52-week high of GBX 821.71.

RS Group (LON:RS1) last announced its quarterly earnings data on Wednesday, May 20th. The company reported GBX 38.70 EPS for the quarter. RS Group had a net margin of 5.62% and a return on equity of 11.55%. The business had revenue of GBX 288.11 billion during the quarter.

RS Group declared that its board has initiated a stock buyback program on Wednesday, May 20th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

RS Group Company Profile

RS Group plc is a high-service global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.

We operate in 33 markets, stock over 875,000 industrial and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations. We enhance their experience through a tailored service model, leveraging our efficient physical, digital and process infrastructure sustainably.